OUR STAFF REPORTER LAHORE - Hub Powers (HUBC) announced its 1QFY12 result on Wednesday. As per the announcement, the company posted profits of Rs1.24b (EPS: Rs1.07) compared to earnings of Rs1.27b (EPS: Rs1.10) in the same period last year. The top line of the company grew by 62 percent to Rs40.7bn primarily on the back of rise in indexation factor due to CPI growth of 2.3 percent HoH in 2HFY11 together with the addition of Narowal plant. However, the finance cost of the company jumped by whopping 218 percent to meet the running finance requirement of the company arising due to circular debt issue. FAUJI FERTILIZER BIN QASIM (FFBL) announced its 9M2011 result today. As per the announcement, the company posted profits of Rs7.2bn (EPS Rs7.68) versus earnings of Rs2.9bn (EPS Rs3.14) in 9M2010. The topline of the company registered an impressive growth of 64 percent YoY to Rs36.3bn primarily on the back of high fertilizer prices of both DAP and urea. Consequently, gross margins improved to 38 percent from 30 percent in 9M2010. Moreover, higher other income of Rs1.1bn (up 33 percent YoY) supported the bottom line of the company.